Review of the quarter's economic trends [February 1983]

David Simpson, David Bell, Robert Crawford, James McGilvray, Iain McNicoll, Lyle Moar, Noreen O'Donnell, Elizabeth Tait, James Walker, Alison Wingfield, David Simpson (Editor)

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    Most forecasters, including the Treasury itself, predict a modest recovery in the economy this year. The emphasis is however on "modest", with predictions for
    GDP growth in the range of 1.5$-2.5%, and a further rise in unemployment. In the past month however there have been more favourable indications of renewed
    growth in the international economy, particularly in the United States, and this, combined with the recent depreciation of sterling, will improve the prospects for UK exports. Actual growth in GDP may be therefore nearer the upper end of the recent range of forecasts. Further analysis of the UK's economic prospects, as well as the world economy, are provided in this trend paper.
    Original languageEnglish
    Pages (from-to)1-5
    Number of pages5
    JournalQuarterly Economic Commentary
    Issue number3
    Publication statusPublished - Feb 1983


    • UK economic trends
    • world economic performance
    • global GDP growth


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